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Getting Them Back on Track
Why treat all new hires like they’ve never participated in a DC plan?
LATEST NEWS
Sources Say Invesco Will Buy OppenheimerFunds
Oppenheimer is the 12th largest U.S. mutual fund family by assets.
Retirement Industry People Moves
The Wagner Law Group Welcomes Attorneys Quinn and Burwick; Independent Retirement Hires Retirement Plan Consultant; SageView Hires Managing Director; and more.
The Perils of Ignoring Participant Complaints
If a plan sponsor fails to respond, they could face a civil and/or DOL lawsuit
Sanctions Called for Workers and Attorneys in Sacerdote et al. v. NYU
There are several bases on which the court could impose sanctions.
INSIDE THE MAGAZINE PLANSPONSOR August/September 2018
MORE NEWS
Auto-Portability, Universal Coverage Would Reduce Retirement Shortfall
EBRI says that if the Automatic Retirement Plan Act of 2017 was combined with auto-portability, the retirement savings shortfall would reduce the $4.3 trillion deficit by $932 billion, or 22.6%.
Protecting the Rights of Alternate QDRO Payees, When it Comes to Divorce
Senator Patty Murray (D-WA), sent a letter to Government Accountability Office (GAO) requesting a study on the QDRO process.
How to Talk Through Volatility with Plan Participants
It is also important to keep participants’ eyes on the longer term, says Frank Pape, director of consulting services at Russell Investments in Seattle. If participants are experiencing volatility, remind them that this is part of investing.
How Sponsors Can Offer Guaranteed Lifetime Income
One option is through a profit sharing plan that invests the money in an annuity once a participant retires.
Principal Expands Financial Wellness Program
Principal Milestones, which includes iGrad’s Enrich financial wellness program, helps participants access comprehensive financial education resources all in one place.
Investment Product and Service Launches
MassMutual debuts RetireSMART TDF series with J.P. Morgan glide paths, while AXA doubles down on SRI/ESG integration.
MassMutual Paper Serves As Primer for PRT Considerations
“While PRT can be a highly effective tactic for plan sponsors to reduce risk and shift liabilities off their books,” MassMutual says, “it’s possible to increase pension costs and risks if a PRT is not executed with long-term goals in mind.”
Principal to Launch Online Chat for Retirement Plan Administration Questions
The new support option will connect retirement plan sponsors to Principal client service associates in real time throughout their work day.
Business Owner Gets Prison for Benefit Plan Embezzlement
A DOL investigation found the business owner used benefit plan contributions for corporate and personal expenses.
Employees Not Fully Prepared to Manage Health Care Responsibility
Consumers that are already enrolled in HSAs are more fluent, more engaged, and make savvier health and financial decisions than the general public, Alegeus finds.
Fixed-Income ETFs Used to Address Bond Market Issues
“A majority of institutions around the world now consider bond ETFs as an alternative for fixed-income exposure and liquidity,” says Greenwich Associates Managing Director Andrew McCullum.